Harrisburg, NC -- (SBWIRE) -- 10/20/2020 -- The Global Household Cooking Appliances Market Research Report 2020-2030 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global household cooking appliances market was worth $92.9 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 12.01% and reach $146.3 billion by 2023
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Market Segmentation
Top leading Companies of Global Household Cooking Appliances Market are – Electronics Inc, Electrolux AB, Panasonic, Haier Group, Whirlpool Corporation, SMEG, Kenmore, Samsung Electronics, Galanz Enterprise Group, Philips
Markets Covered: 1) By Product: Electric Stoves; Microwave Ovens; Barbecues And Grills; Others - Household Cooking Appliance 2) By Application: Household; Commercial
The household cooking appliance market covered in this report is segmented by product into electric stoves, microwave ovens, barbecues and grills, and others - household cooking appliance. The household cooking appliance market in this report is segmented by application into household, and commercial.
Growing popularity of energy-efficient cooking appliances is expected to increase the demand for electric stoves. Cooking efficiency of electric stoves is high when compared to gas cooktops as majority of the heat energy through gas cooktops is not transferred while cooking. Electric stoves are designed to consume minimum energy and provide easy temperature control. For instance, with the introduction of energy efficient appliances, the US government is spending 56% less on energy requirements thereby reducing emissions.
Limited compatibility of electric cooktops with cooking vessels is expected to act as a restraint on the market. Electric cooktops are compatible with cooking vessels made of cast iron and steel and are not compatible with those made of aluminum and copper because of their magnetic and electrical properties. Aluminum and copper require much greater frequencies to produce the heat needed to cook food.
Companies in the household cooking appliance market are increasingly launching technologically-advanced multi-functional ovens to cater to the rising demand for multi-functional appliances with additional benefits. These multi-functional ovens use a wide range of methods to provide customized and easy cooking. These ovens use devices to guide and instruct users in the process of cooking. Apart from these, they also come with catalytic and pyrolytic self-cleaning functions. The catalytic self-cleaning feature allows the use of special chemical installed liners to absorb grease, while the pyrolytic self-cleaning function of these ovens allows them to clean the dirt and grease using high temperatures. For instance, Electroluxs EOY5851AAX oven uses different programs and functions to make the process of cooking easy and customized. It has the pyrolytic cleaning technology that allows self-cleaning.
In October 2019, Empire comfort systems, a manufacturer of broilmaster premium grills, acquired primo ceramic grills.Through this acquisition Empire comfort systems will expand its presence in the premium grill market. Primo ceramic Grills Company is a USA based company involved in the manufacturing of oval shaped ceramic grills.
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What are the market factors that are explained in the report?
Executive Summary: It includes key trends of the global Household Cooking Appliances market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the global Household Cooking Appliances market based on production and revenue.
Production and Consumption by Region: It covers all regional markets focused in the research study. It discusses about prices and key players besides production and consumption in each regional market.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Household Cooking Appliances market.
Market Segments: This part of the report discusses about product type and application segments of the global Household Cooking Appliances market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach Household Cooking Appliances used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Finally, Household Cooking Appliances Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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